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Rs. 8,500,000

PLOTS WANTED IN PAF Tarnol Fazaia housing scheme ISLAMABAD

DESCRIPTION

Islamabad International Airport impact series: PAF Tarnol
March 21, 2018 • Buying,Housing Schemes,investment tips

Officially known as Fazaia Housing Scheme, PAF Tarnol is your best bet to make a safe and solid investment in Islamabad’s Zone II, or more specifically, in the vicinity of the soon-to-be-inaugurated Islamabad International Airport.

The society has seen many developments in the recent past including uplifting of existing infrastructure and acquiring more land for future extension. This article shares all these updates with you.

Location

It is located next to Fateh Jang Interchange on Islamabad-Peshawar Motorway M-1. Fazaia’s southern side has Kohat-Mianwali Road, while the 600-feet wide CPEC Route runs along its western side. At the moment, the society has two entrances; one from M-1, and the other from Fateh Jang Road. Subject to approval, Fazia can have another entrance from the CPEC Route. From the Islamabad International Airport, Fazaia Housing Scheme is just 3 kilometres away.

Project details

The society spans over 70,000 kanals of land, while process is underway to acquire more land along Block C and Block H. Depending on the willingness of property buyers, the society can acquire more land and see major expansion in the future. It currently has eight blocks; Blocks A, B, C, D, E, F, G, and H. Possession is available for residential property throughout the society, except for the extension, where acquisition of land is in process. For commercial property, possession has been handed over in Blocks C and G. It is expected that possession of commercial plots in the remaining blocks will be handed over in one month.

Development status

The society has been around for quite some time, which may indicate that development work has been completed, but that is not the case. In fact, the developer is upgrading the existing infrastructure and adding new features to the project to match its prime location. In order to do so, the developer has laid optic fiber and sewerage lines, while work on road networks in process, where final carpeting is yet to be completed.

In the meanwhile, development work is going on at a rapid pace for commercial areas in the remaining blocks. Please note, it is the only society of this area that receives water directly from Shahpur Dam. For this purpose, a dedicated 10-kilometre long water line was laid just recently which will provide 600,000 gallons of water on a daily basis.

New developments

Fazaia Housing Scheme is set to benefit from a lot of developments planned for the new airport and many developments within the society are big enough to predict a potentially rewarding future for the society. Here is a quick rundown of these:

Rawalpindi Bypass

Construction of the recently approved Rawalpindi Bypass at a cost of PKR 21 billion will make the society even more accessible from Rawalpindi and adjoining areas. This bypass, which is meant to connect Rawat with M-1 near the airport via Adiala Road and Chakri Road, will save people travelling to and from Fazaia Housing Scheme from the traffic nuisance. Not to mention, the society is already well connected from Islamabad via Kashmir Highway, M-1 and Kohat-Mianwali Road.

Margalla Avenue

Work on this road has been put on hold for some reasons but according to its eventual plan, it crosses M-1 near Fateh Jang Road, and runs along the northern side of PAF Tarnol. This road will also add worth to Fazaia’s blocks that will fall adjacent to it.

Private developers eyeing the project

Currently, talks are in process with some private builders looking to construct high-rise buildings in the society. This will only invite more developers to see the society’s potential for high-rise developments.

Apartments for the retired officers

The developer is all set to construct an apartment complex featuring units for families of retired Pakistan Air Force officers. We expect to hear news about initiation of the project soon.

Miscellaneous

A deal has been finalised between the society and City School for setting up a campus in the society.